Posted on 26 Oct 2021
Brazil miner Vale saw iron ore exports fall month-on-month in September. These also decreased on-year, Kallanish notes.
According to Sindicato Nacional da Indústria da Extração de Ferro e Metais Básicos (Sinferbase) data, Vale’s exports of iron ore in September were 26.37 million tonnes, down 6.2% m-o-m and 4.8% less year-on-year. Shipments abroad over January-September reached 204.49mt, up 4.6% compared to 195.45mt in the first nine months of last year.
Meanwhile, the miner’s pellet exports amounted to 8.54mt in the period. This was 3.19mt or 27.2% lower than in the corresponding period in 2020. In September alone, Vale’s pellet shipments were 1.12mt, just 0.2% less m-o-m and 493,000t down y-o-y, Sinferbase data show.
Brazil's domestic market took 2.57mt of iron ore and pellet in September, up by 4,000t over August and 39.1% higher on-year. Nine-month shipments to the local market were 23.63mt, up 38.9% y-o-y.
The Sinferbase monthly report covers exports from only two miners: Vale and Anglo American’s Minas-Rio unit.
The UK-headquartered miner saw iron ore exports from the Portu do Aco terminal rise by 2.7% m-o-m to 1.99mt in September. This volume was also 995,000t more on-year. Anglo American shipments abroad over January-September reached 17.41mt, down 0.7% on-year.
Brazil’s overall iron ore exports reached 33.68mt in September, 3.3% less over August and 11% down on-year (see Kallanish passim).
Source:Kallanish
